Iran and Pakistan have finalized a deal on gas pipeline project and agreed to sign draft agreement and a letter of understanding by the end of October, Iranian representative said on Saturday.
Iranian Oil Minister's special representative Hojjatollah Ghanimifard said that both countries have reached consensus on all conditions of the deal, and the draft agreement is ready to be signed by lawyers and experts of different technical, financial and commercial sectors.
The Iranian and Pakistani representatives have settled differences on the deal during four-day negotiations which lasted until Friday night.Ghanimifard said, "According to the negotiations, the Pakistani side is to submit the draft agreement to us next week, and we will declare our views on it in a week." He noted that the last round of the discussions will be held in Pakistan mid October, adding that the two sides will explore the draft agreement not to be contrary with the MoU already signed by the leaders of the countries parties to the project.
Given India is a party to the project, he said, "Iran welcomes India whenever it joins us in the peace pipeline project." According to the initial agreements in 1990, the project was to be carried out by Tehran, Islamabad and New Delhi to transfer Iranian natural gas to India through Pakistan.
The 2,600 km pipeline would carry 60 and 90 million cubic meters of gas a day to Pakistan and India respectively, and the expenditure of the piping project is estimated at about dlrs seven billion.Via: Islamic Republic News Agency
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